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Cable Update (GBPUSD)

  • #92,021
  • Oct 16, 2008 9:54am Oct 16, 2008 9:54am
Quoting eohater
I just jumped back in at 7246
52 here...

HOLLA
  • #92,022
  • Oct 16, 2008 9:56am Oct 16, 2008 9:56am
Quoting FxMatt
I appreciate the tip micho. Just scalped 20 pips so I am a little happier now.

I tend to use 5m, 1 hour and daily charts mainly. So I need rsi <50 on all 3 to go short & >50 to go long?

no once rsi <50, u wait for retracement to the 23% or better to the 38% then short

rsi>50 the same

dont ever short a the bottom or buy the top wait for retracement or dont trade
When life gives you lemons, make lemonade
  • #92,023
  • Oct 16, 2008 9:59am Oct 16, 2008 9:59am
Quoting eohater
I just jumped back in at 7246
Great!! Welcome aboard...... This next hour is very crucial though... lets see how it plays...
Patience + Discipline - Greed = Success
  • #92,024
  • Oct 16, 2008 9:59am Oct 16, 2008 9:59am
Quoting micho
no once rsi <50, u wait for retracement to the 23% or better to the 38% then short

rsi>50 the same

dont ever short a the bottom or buy the top wait for retracement or dont trade
no matter what system you use this is KEY learn it and live by it!
Just digging in the trenches like everyone else!
  • #92,025
  • Oct 16, 2008 9:59am Oct 16, 2008 9:59am
Quoting Turtle
Your prayers were answered!!!

HOLLA
Patience + Discipline - Greed = Success
  • #92,026
  • Oct 16, 2008 10:00am Oct 16, 2008 10:00am
Quoting Infinity
Great!! Welcome aboard...... This next hour is very crucial though... lets see how it plays...
No worries bro....
Just digging in the trenches like everyone else!
  • #92,027
  • Oct 16, 2008 10:02am Oct 16, 2008 10:02am
Quoting eohater
no matter what system you use this is KEY learn it and live by it!
Exactly!! The most important thing about any system you use is that it must fit YOUR personality. You must use a system that matches your emotions.
Patience + Discipline - Greed = Success
  • #92,028
  • Oct 16, 2008 10:03am Oct 16, 2008 10:03am
Quoting eohater
no matter what system you use this is KEY learn it and live by it!
I'm learning........:nerd:

Knowledge is power!!!!

HOLLA
  • #92,029
  • Edited 10:23am Oct 16, 2008 10:10am | Edited 10:23am
I am wating for as shown on the circle to entry. Just a moment went short at 1.7227. When reach 30 pips, locked +20 pips and hit. Sofar about + 80 pips = +100 pips ( success) - 20 pips (failed, hit SL)

Till closing time maybe I do short only, because 5M dan 15M shown overall down trend on monitor space !
Attached Image (click to enlarge)
Click to Enlarge Name: retrace161008.gif Size: 44 KB
I only trade XAU/USD. Based on USD news & Fib SR & BB20
  • #92,030
  • Oct 16, 2008 10:15am Oct 16, 2008 10:15am
i traded AUDUSD and USDJPY today .. didnt trade cable
When life gives you lemons, make lemonade
  • #92,031
  • Oct 16, 2008 10:18am Oct 16, 2008 10:18am
i am going to withdraw my initial account and play with the profit... so do the same guys... withdraw some money just in case anything bad happened
When life gives you lemons, make lemonade
  • #92,032
  • Oct 16, 2008 10:22am Oct 16, 2008 10:22am
Quoting micho
i am going to withdraw my initial account and play with the profit... so do the same guys... withdraw some money just in case anything bad happened
I take payment twice a month from my account regardless of gain or loss.
Just digging in the trenches like everyone else!
  • #92,033
  • Oct 16, 2008 10:25am Oct 16, 2008 10:25am
Break the damn trendline already!!!.........please...


Attached Image (click to enlarge)
Click to Enlarge Name: h4.GIF Size: 25 KB
Patience + Discipline - Greed = Success
  • #92,034
  • Oct 16, 2008 10:26am Oct 16, 2008 10:26am
Quoting eohater
I take payment twice a month from my account regardless of gain or loss.

When life gives you lemons, make lemonade
  • #92,035
  • Oct 16, 2008 10:26am Oct 16, 2008 10:26am
Quoting Infinity
Break the damn trendline already!!!.........please...


And I thought I was the only one!!

HOLLA
  • #92,036
  • Oct 16, 2008 10:27am Oct 16, 2008 10:27am
Quoting Infinity
Break the damn trendline already!!!.........please...


Just digging in the trenches like everyone else!
  • #92,037
  • Oct 16, 2008 10:28am Oct 16, 2008 10:28am
Quoting eohater
I take payment twice a month from my account regardless of gain or loss.
Thanks for the tip!!!

HOLLA
  • #92,038
  • Oct 16, 2008 10:28am Oct 16, 2008 10:28am
Quoting Turtle
And I thought I was the only one!!

HOLLA
brother I know 3 of us in the same boat. I'm not overloaded on this one maybe that's the problem. I should have sent 5 south but I only sent 3.
Just digging in the trenches like everyone else!
  • #92,039
  • Oct 16, 2008 10:28am Oct 16, 2008 10:28am
Quoting joeblack
5 times 20 pips = 100 pips
now do 5 full lots and ur clearing $5K a day...i think u could live on that. :0D
  • #92,040
  • Edited 11:14am Oct 16, 2008 10:28am | Edited 11:14am
Quoting micho
i traded AUDUSD and USDJPY today .. didnt trade cable
Actually, GBPUSD rather diffcult to be caught today !
I only trade XAU/USD. Based on USD news & Fib SR & BB20
202 traders viewing now, 7 are registered:
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